Crypto User Loses $50M in Address Poisoning Scam
Update: 2025-12-20
Description
A crypto user lost nearly $50 million due to a sophisticated scam called address poisoning. The victim mistakenly sent funds to a scammers wallet after copying it from their transaction history. The scammer exploited human error by sending tiny amounts of crypto to the victims wallet from a similar address, making it appear legitimate. The victims wallet had been active for two years and was primarily used for USDt transfers. The funds were withdrawn from Binance and partially moved into Tornado Cash. This incident underscores the importance of double-checking every character of a wallet address before confirming any transaction, especially with large sums of money.
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